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(Z9) 50-dma sticks as..........>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) 50-dma sticks as support
*RES 3: 133-19+ 2.0% 10-dma envelope
*RES 2: 133-04+ High Jul 29 2016
*RES 1: 132-23 3% Upper Bollinger Band
*PRICE: 129-29 @ 11:29 BST, Sep 12
*SUP 1: 129-12 Low Aug 8
*SUP 2: 129-08+ 50-dma
*SUP 3: 128-14+ Low Aug 2
10yr futures continue to pull lower, holding the recent modest downtrend. New
pullback lows now sit at 129-19. The outlook remains relatively neutral, with a
close below 129-26 needed to shift the trend negative. Any fall through here
opens key support at the 129-12 and a fall through here would cement the outlook
bearish. The proximity to the Fed decision in just a few weeks' time makes a
reversal in either direction unlikely for now. For bulls to wrest control, a
recovery back above 132-00 is needed ahead of any test on vol band resistance at
132-23.

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